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Tesla Motors' Solarcity Deal Gets A Boost From Iss Blessing


Ron Burgundy
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SolarCity vehicles are shown in San Diego, California(Reuters) - Institutional Shareholder Services (ISS) gave a boost to Tesla Motors' plan to buy solar panel installer SolarCity for more than $2 billion by recommending that shareholders of both companies vote for the deal, the advisory firm said on Friday. "The transaction is a necessary step towards TSLA’s goal of being an integrated sustainable energy company," said ISS, an influential proxy advisory firm that recommends votes for contested situations and deals to institutional shareholders.




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